Expanding the possibility of absentee voting for JSC and LLC

11.02.2021

Draft Federal Law No.1026967–7 «On Amendments to the Federal Law «On International Companies and International Funds», the Federal Law «On Joint Stock Companies» and the Federal Law «On Limited Liability Companies» is going to be adopted.

According to the amendments, the general meeting of shareholders, the agenda of which includes the issues specified in paragraph 2 of Article 50 of the Federal Law N 208-FZ «On Joint-Stock Companies» dd December 26, 1995, may be held in the form of absentee voting in 2021 by the decision of the JSC’s Board of Directors.

Similarly, the general meeting of participants of a Limited Liability Company, the agenda of which includes the issues specified in the second paragraph of paragraph 1 of Article 38 of the Federal Law N 14-FZ «On Limited Liability Companies» dd February 8, 1998, may also be held in the form of absentee voting in 2021 by the decision of the executive body of a Limited Liability Company.

The amendments also clarify the status of an international company when it is reorganized in the redomiciliation process.

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